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Silesian-American Corporation : ウィキペディア英語版
Silesian-American Corporation

Silesian-American Corporation (SACO) was registered as a corporation in Delaware in 1926 to assume ownership of the Giesche Spolka Akcyjna (Giesche) that was registered as a corporation in Katowice, Poland earlier during the interwar period. SACO gave substantial loans to Giesche’s Erben by selling $15,000,000 collateral trust sinking fund bonds that would mature on August 1, 1941. Giesche was that part of the holdings of the German corporation Bergwerksgesellschaft Georg von Giesche's Erben (commonly referred to as Giesche’s Erben) that were in the previously German controlled Upper Silesia territory with the re-established Poland.
SACO was 100% owned by: the Silesian Holding Company (51% of common stock and 58,33% of preferred stock) and Giesche (49% of common stock and 41,67% of preferred stock). Silesian Holding Company was owned by Anaconda Copper Mining (65%) and W. Averell Harriman. Harriman's portion would later be owned by Harriman, close affiliates and associates.
== WWII ==
Following invasion in 1939, Silesian-American was among the Polish corporations and companies that were brought under the supervision of a German military commissar, Dr. Albrecht Jung. During this time SACO was denied all income from the European Silesian-American activities and affiliates, and was hence unable to pay dividends on its outstanding bonds, which came due in 1941. At the time, the company had only about half a million dollars in cash. Accordingly, it filed a petition for reorganization under Chapter X of the U.S. Bankruptcy Act.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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